Contract Reader Tool

Contract Reader Tool

• Reduces manual time spent on performing contract analysis.
• Improves accuracy by extracting applicable contract clauses.

Contract Reader Tool Features

• File upload handler to upload standard contracts
• Metadata Extraction

• Sanity check of document

• Categorisation and classification
• Automation and visualisation

Methodology

Benefits of the solution:

• Low-cost solution; No licensing cost involved
• Tool can be scaled for multiple contract categories
• Reduces manual effort subsantially by ~90%; (It takes roughly 10min to manually extract a contract)
• Accuracy increases as more types of documents are fed
• Developed as a plug and play feature to update fields in other contract management/repository management tool

Technology Stack

• python
• MongoDB

For Text Extraction:

• pyPDF2
• Textract

NLP Library:

• Natural Language Toolkit (NLTK)

For Development:

Future scope

Extraction:

• Document Quality
• Extraction Accuracy

Language Processing:

• Use of convolutional neural network for interpreting structure
• Tool can be scaled to learn from manual intervention.

Product Demo

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